Los bajistas cierran 'cortos' en eDreams y dan credibilidad al rally

Spanish eDreams shorts traders close early deals, backing rally

The downward short selling activity in Spanish eDreams has increased significantly, bolstering confidence in the company's performance. As of today, the stock has climbed nearly 40% this year, with the upward trend starting in May last year.

Major short sellers such as Capital Fund, Marshall Wace, Two Sigma, and Tages Capital have reduced their short positions from 1.15% to 1.07%, 0.89% to 0.79%, 0.88% to 0.79%, and 0.62% to 0.57% respectively. Only the American hedge fund Citadel has increased its short position to 0.5%.

This shift in sentiment has resulted in a noticeable improvement in the company's stock performance. The eDreams platform subscription service has seen a significant uptick in share price, climbing a remarkable 36% so far in 2026. The stock has risen from a low of 2.68 euros over the past 52 weeks, representing a 103% increase.

Despite the recent slowdown, analysts at Bloomberg still rate eDreams at 6.23 euros, suggesting a potential upside of 14.5%. The recent jump to the 6 euro mark coincided with the board's approval of social capital reductions, including immediate and future cuts of up to 12 million shares, or 10.38% of the total capital.

Some major investors have moved their stakes in eDreams during the summer. DWS, the Deutsche Bank-backed manager, has increased its stake to 3.59%, while UBS nearly doubled its position from 3.2% to 6%, and Goldman Sachs has raised its holding to 9%. These changes occurred before eDreams' scheduled publication of Q1 2027 financial results on September 1st.

Investors are looking forward to potential positive surprises following the company's record profit of 52.2 million euros last fiscal year. The market will also be watching eDreams' ability to meet its ambitious targets of increasing its premium member base by 15-20% annually between the 2028 and 2030 fiscal years.